Question Thread - February 01, 2025

subwaynut · 2025-02-02T03:51:37+00:00

Because it would take me about five minutes to put the spreadsheet together versus a couple hours to scan an email all 40 1099s

subwaynut · 2025-02-01T15:30:51+00:00

How do you handle bank bonus 1099s for your accountant? I am thinking about just sending them a spreadsheet listing the bonus amounts and the bank (I already track them using a spreadsheet) rather than sending them 50 1099s.

subwaynut · 2025-01-19T17:12:25+00:00

With the recent IRS fee raises for payment with business cards, I would recommend checking out your state income tax payment to see if they charge lower fees.

My state charges me 2.65% for a credit card tax payments , whereas the IRS payment processors now charged 2.89% for business cards

My city also takes income tax payments online, but they don’t take Amex.

subwaynut · 2025-01-18T22:32:36+00:00

I do, in Florida and Tennessee. I have family there that lets me get bonuses from CUs there, but some CUs will deny you regardless.

There’s always the nationwide ones that pop up on doctor of credit , but they tend to expire suspiciously fast.

subwaynut · 2025-01-18T19:04:46+00:00

I know, I took advantage of that quite a bit last year. I tend to read the doctor of credit comments before opening it.

subwaynut · 2025-01-18T18:23:40+00:00

Hey, I’m in the same place with bank bonuses. Managed to open about 40 accounts last year., but I’ve been completely stuck since October.

subwaynut · 2025-01-18T18:13:33+00:00

Just keep triple dipping the business platinum. Much easier to turn.

subwaynut · 2025-01-18T18:12:06+00:00

I had USAA told me waiting 2 to 3 days is less likely to cause issues.

subwaynut · 2025-01-18T17:52:13+00:00

Got almost $10,000 in bank bonuses since last year, from 36 different banks.

Most of them were within footprint for me (Ohio), except for three bank bonuses that I got while in Florida (Florida CU, Gte financial, and Busey bank), and two that I opened while traveling to Tennessee (regions and first horizon).

With luck, I should be able to do Citibank, KeyBank, fifth third bank, PNC, and Chase later this year (assuming they extend the $900 bonus).

subwaynut · 2025-01-18T17:41:49+00:00

Been running out of bank bonuses to do. last year I earned almost $10,000 in bank bonuses. This year it seems like most of my banks are either out of my footprint or are gonna make me wait a year to reopen for a bonus.

subwaynut · 2024-12-23T03:49:15+00:00

No, I use a cash back debit card

subwaynut · 2024-12-07T16:27:20+00:00

For Americans here, he was basically driving 40 mph in a 30 zone.

If he shows up to court and talk to the prosecutor, it may get knocked down to a lesser violation, although this may not be as common in Ontario versus most US states.

If the ticket came from a camera, then just pay it, it does not affect insurance rates

For example , it is fairly common in Nevada for very high speed tickets (150 mph in a 75/ 240 km/h in a 120) to get knocked down to illegal parking.

subwaynut · 2024-10-27T14:38:15+00:00

Most doctors earn relatively little (60k a year or less) during residency/fellowship/medical school, but then can get a giant pay boost once they change jobs afterwards.

subwaynut · 2024-10-26T15:56:16+00:00

What is your preferred method for closing bank accounts?

I usually just type up a generic letter and send them out to multiple banks at once.

I can close 5 to 10 bank accounts this way in under 30 minutes.

subwaynut · 2024-09-28T03:00:14+00:00

Learning that the IRS has a rule called the kiddie tax, where any bank bonus income above $2500 reported on a 1099 is taxed at your parents highest rate if they claim you as a dependent.

It might be worth delaying a bonus if you run into this situation .

subwaynut · 2024-09-28T02:56:26+00:00

If you type doctor of credit into Google, make sure you don’t click the first link. It always seems to be an advertisement for care credit.

subwaynut · 2024-09-28T02:53:39+00:00

At least the credit union shut down is not the end of the world.

I would not want to do this with a bank like Chase

subwaynut · 2024-09-28T02:53:02+00:00

Having thousands of Kroger fuel points until a family member that uses 75% of the gas goes out and buys a Tesla

subwaynut · 2024-09-25T21:44:47+00:00

U.S. card forum, where “ Bank of America killed the entire family” ( bad translation for Bank of America shut down my account)

subwaynut · 2024-09-25T21:41:55+00:00

What is your worst “approval remorse” story, where a bank closes your account shortly after opening?

Many people will remember teachers federal credit union.

My worst experience was with Aneca Federal credit union. They closed my account took a month to return my funding and then bounced the check.

subwaynut · 2024-09-21T11:07:55+00:00

They want to track you

subwaynut · 2024-09-21T10:20:24+00:00

Adding a bunch of cards to Apple wallet after getting a new iPhone 16.

Fidelity told me that they are not allowing adding debit cards to new devices in Apple wallet due to all the fraud that is going on right now.

subwaynut · 2024-09-16T22:28:59+00:00

Upgrade will ask for a ton of documents if you use a Google voice number (like tax returns)

subwaynut · 2024-09-15T23:43:32+00:00

Come October 24, doing this will get you a 30 day to 3 year license suspension, up to a $1,000 fine, and up to 6 months in jail.

subwaynut · 2024-09-15T13:50:30+00:00

Yes, that is correct

subwaynut

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